Lives of Purpose Inc (EIN 830892006) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Carol Preston

Phone

2523412486

Tax Period

2024-01-01 to 2024-12-31

Lives of Purpose Inc, founded in 2019, is a small nonprofit in the Employment sector that reported $312K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $294K left a modest 6% surplus.

Mission

Awaken Coffee is on a mission to employ adults with intellectual and developmental disabilities, promoting their skills, confidence and dignity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $144,269

Program Service Revenue $158,797

Investment Income $871

Other Revenue $8,434

TOTAL REVENUE $312,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,677

Fundraising Expenses $11,757

Program Expenses $278,585

Other Expenses $170,087

TOTAL EXPENSES $293,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,371	$249,925	+0.2%
Expenses	$293,764	$266,595	+0.1%
Net Income	$18,607	$-16,670	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

120

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Preston	President	20.00	Officer Director	$0	$0	$0
Stephen Ventors	Vice President	3.00	Officer Director	$0	$0	$0
Trey Quinn	Chair/Treas.	2.00	Officer Director	$0	$0	$0
Michele Mazey	Secretary	12.00	Officer Director	$0	$0	$0
Lyndsey Joyner	Director	3.00	Director	$0	$0	$0
Katie Houmard	Director	2.00	Director	$0	$0	$0
Ashley Rudoph	Director	4.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$312,371	$293,764	$418,960	$18,607
2023	$249,925	$266,595	$388,914	$-16,670
2022	$123,482	$70,183	$395,281	$53,299
2021	$274,060	$20,689	$290,852	$253,371

Lives of Purpose Inc